How to get a mortgage and not think about interest until the end of this crazy year

PEAK cares about its clients, therefore, has developed a special offer: now an apartment on a mortgage can be purchased without leaving home.

Previously, banks have already announced such services, but in fact, buyers still needed to either meet with a representative or visit a bank branch to apply for a loan. It seems to be online, but not completely. Now everything is different. The self-isolation regime limited social contact and thus triggered the launch of a fully remote home purchase method. The first such transaction in Russia took place on April 15 under the terms of the new mortgage program "We take interest on ourselves».

What is the program "We take interest on ourselves"

Basic lending conditions:

• loan term - from 1 to 30 years;
• down payment - from 20%;
• the minimum loan amount is 600,000 rubles;
• the maximum loan amount is 60,000,000 rubles;
• the offer is valid until April 30.

Interest rate:

• 0.01% per annum for the first year of lending;
• 8.1% per annum starting from the second year of lending;
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• 6.5% * per annum starting from the second year of repayment with a loan amount of up to 8 million rubles for Moscow, the Moscow region and St. Petersburg and up to 3 million rubles for other regions.

* The conditions apply to the purchase of apartments under an agreement for participation in shared construction and a purchase and sale agreement for a period of 20 years.

You register your home on a mortgage until the end of April, and PIK takes on the interest on the loan until the end of this year. This means that throughout 2020, your monthly payments will be only a third of the standard ones. And almost all of this amount will be used to pay off the debt for housing.

Why only a third? It's simple. The mortgage agreement calculates and indicates the amount of your mandatory monthly payment. It consists of the body of the loan (the value of the apartment after the down payment) and interest that is charged on the remainder of this debt.

It turns out that in the first months of mortgage payments, a significant part of the contribution is spent on paying off interest and only a third covers the debt for the apartment itself. Only having passed the middle of the contract term, the client clearly notices how the loan body literally melts with standard installments. This is because the less the amount left to pay for housing, the lower the monthly interest payment. In the mortgage program "We take interest on ourselves»From the PIK until the end of the calendar year, the client needs to pay only 0.01%.

What is the benefit of the program

Until the end of 2020, PIK takes interest on itself, while you are paying off the debt for the apartment. By the time you start paying interest on your own, the body of the loan will significantly decrease, and with it the amount of interest payments will also decrease.

Let's say you buy an apartment for 6 million rubles, have entered into an agreement for 20 years with a rate of 6.5% and have paid off 20% of the cost of housing with the first installment. In this case, the standard monthly payment will be equal to 35,789 rubles. If you use the “We take interest on ourselves” program, this year the obligatory contribution will be only 9 789 rubles. Benefit - 233 640 rubles. At the same time, nothing prevents you from paying more and thereby quickly reducing the debt for housing.

By the way, interest until the end of the year is not carried over to a later period and is not included in the price of the apartment. All the terms of the deal, including the payment schedule, are fixed in the contract, so there is no need to worry about changes in interest rates and hidden fees. And you also don't have to collect a bunch of documents: a passport, SNILS and a digital signature are enough to complete the transaction, which they will help to issue if you do not have one.

Calculate your benefit

Who is the offer for?

PIK understands that it is extremely difficult to plan for the future in the context of economic instability. Therefore, in addition to the reduced interest rate, it also offers a new program. These measures facilitate the purchase of housing for those who have already considered mortgage offers, but were waiting for an interesting option. And also to people who were going to buy real estate at their own expense - without a loan. Taking advantage of the promotions, they will keep the accumulated airbag and receive the long-awaited housing without additional financial burden.

Also, the offer may be of interest to everyone who is afraid to keep savings on a deposit or in a box under the mattress. Investment in real estate is safer, and the risks of losing savings are lower.

The program is also suitable for those who live in a rented apartment, but are thinking about buying their own. If you choose an option in one of the houses that will be commissioned next year, then now you can rent an apartment without prejudice to your wallet and pay the minimum loan rate. And in 2021, move to your home and pay off your mortgage debt.

What kind of housing can I buy

On the PIK website you can find apartments both in ready-made houses and in those still under construction. Set the search parameters: specify the number of rooms, define the area and proximity to a specific metro station - the algorithm will select options based on your wishes. And if you have any questions, the manager will answer them. To do this, the site has a chat with a specialist.

IN description of each project you will find a development map, overview videos, a list of basic infrastructure facilities: kindergartens and schools, shops and hypermarkets, parks and sports clubs. The site also presents layouts of all apartments. There are even ready-made interior solutions and furnishing options. You can watch all this without leaving your home - virtual showrooms have been created for many residential areas.

What else do you need to know

• The maximum term for which a mortgage loan is calculated is no more than 30 years. At the same time, the bank takes into account the age of the borrower at the time of filing the application and at the time of full repayment of the debt.
• Early payment of the mortgage loan is possible. At the same time, you will not be charged any fines or additional commissions.
• According to statistics, more than 98% of all clients who apply through the PIK are approved within 1–2 hours.

Apply for a mortgage

PJSC "PIK Group of Companies". OGRN: 1027739137084. Details on the website pik.ru.